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Europe Agrees to Drastic ESG Cuts After US Pressure Intensifies

The European Union reached a tentative deal to slash ESG requirements, as the bloc faces intensifying pressure from the US to rein in such rules amid ever-present trade tensions.
European Union flags outside a grey building.
A European Union law designed to clean up corporate supply chains has been derailed by some of the bloc’s biggest member states, forcing negotiators back to the drawing board on one of the most consequential pieces of ESG legislation ever attempted. (Shutterstock)

The European Union reached a tentative deal to slash ESG requirements, as the bloc faces intensifying pressure from the US to rein in such rules amid ever-present trade tensions.

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